Which of the following are used for calculating economic order frequency? i. Total annual consumption ii. No of order per year iii. Buying cost per order iv. 365 days a. ii and iv b. i and ii c. iii and iv d. i and iv
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A: Annual demand (D) = 4000 units Ordering cost (S) = RM 30 Per order Annual Holding cost (H) = RM 15…
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A: given, Annual demand (D) = 2000 units Ordering cost(S) = $400 Carrying cost(H) = $10
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A: Given data Annual demand (D) =5 tonnes × 12 converters ×360 days per year =21600 tons per years…
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Q: A service garage uses 120 boxes of cleaning cloths a year. The boxes cost $6 each. Ordering cost is…
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A: Introduction: The term Business refers to an exchange of goods and services between the buyer and…
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A:
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A: given, manufacturing = 2400 units carrying cost = $60 per year ordering cost = $250 safety stock = 8…
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A: Demand (D)=10,000 units Carry cost(H)=P50 Ordering Cost(S)=P100
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A: Given data is Annual demand(D) = 16200 units Carrying cost(H) = 0.28×730=P204.4 Order cost(S) = P220
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A: THE ANSWER IS AS BELOW:
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A: Below is the solution:-
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A: EOQ = √[2*D*O / S ] D = Monthly Demand O = Ordering Cost H = Holding Cost
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A: Given that: Order point = 1,500 kilos. Safety stock = 500 kilos. Daily use = 50 kilos.
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A: Answer- (B) All the Options are correct. It means inventory control has: Economic order quantity…
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A: Average Inventory = (Order size + Safety stock ) / 2 Order size = 36000 Safety Stock = 0
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A: Given information Demand (D) = 15080 units/year Ordering Cost (S) = $125.00/ order Holding Cost (H)…
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A: Given: Annual Requirement (A) = 2000 units Ordering cost (O) = 40 per order Carrying Cost (C)= 10%…
i. Total annual consumption
ii. No of order per year
iii. Buying cost per order
iv. 365 days
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- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.Which of the following is true for inventory control: Select one a . Economic order quantity has minimum cost per order b . All the options are correct c . Inventory carrying cost increases with quantity per order d. Ordering cost decreases with lot sizecompany sells 20,000 radios evenly throughout the year. The cost of carrying one unit of inventory for one year is P8, and thepurchase order cost per order is P32. What is the economic orderquantity
- Weekly Mean of 25. Weeklly standard Deviation is 7. Ordering cost per order is $20. cost per ballon is $5. Store uses a 20% annual holding cost. Lead time is 3 weeks. Working days per year are 300 days. Acceptable probability is 10%. What is the annual demand for above? ___________ What is the Annual ordering cost O? ____________Company XYZ makes bicycles. XYZ produces 400 bicycles a month. They must buy tires from a supplier at a cost of $20 per tire. The inventory holding cost rate is 15% and ordering costs $50 per order. Part i) Let’s assume that there is no shortage inventory allowed. Calculate optimal annual order quantity Calculate annual total inventory cost ^already have the answer for this one. Just input the whole question so it would make more sense. Part ii) Let’s assume that shortage inventory is allowed. With that being said, we know that the shortage cost per unit of item is $5 per year. <<this is the one that I am stuck on. Calculate optimal annual order quantity Calculate annual total inventory cost Hint: Each bicycle has two tires.Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 112, 500 units per year, an ordering cost of $3 per order, and carrying costs of $1.20 per unit. a. What is the economic ordering quantity? b. How many orders will be placed during the year? c. What will the average inventory be? d. What is the total cost of ordering and carrying inventory?
- Most inventory models attempt to minimize a. The likelihood of stockout b. None of these c. The numbers of orders placed d. Total inventory-based cost e The number of items orderedPlease do not give solution in image format thanku A small mail-order company uses 14,000 boxes a year. Holding cost rate is 18 percent of unit cost per year, and ordering cost is $33 per order. The following quantity discounts are available. Number of Boxes Price per Box 1,000 to 1,999 $1.15 2,000 to 4,999 1.10 5,000 to 9,999 1.05 10,000 or more 1.00 a. Determine the optimal order quantity. Optimal order quantity boxes b. Determine the number of orders per year. (Round the final answer to 1 decimal place.) No. of orders per yearWhich of the following is less likely to represent an inventory ordering cost? a. Warehousing costs b. Transportation costs per order c. Cost of initiating an order d. Lost profits from lost sales due to shortages e. Cost of production disruptions and set up costs to reinstate production due to shortage of raw materials or components
- Enrun Corporation expects to order 140,000 memory chips for inventory during the coming year, and it will use this inventory at a constant rate. Fixed ordering costs are $300 per order; the purchase price per chip is $20; and the firm’s inventory carrying costs is equal to 20 percent of the purchase price. (Assume a 360-day year.) What is the economic ordering quantity for chips? If Enrun holds a safety stock equal to a 30-day supply of chips, what is its average inventory level? Assume that Enrun holds a safety stock equal to a 30-day supply of chips. What is the maximum amount of inventory that Enrun will have on hand at any time, that is, what will be the inventory level right after a delivery is made?Economic order quantity is the quantity at which _________________. a. Ordering costs are high and Carrying costs are less b. Carrying costs are high and Ordering costs are less c. Total costs are high d. Ordering costs and Carrying costs are sameThe National Company uses 150,000 gallons of hydrochloric acid per month. The cost of carrying the chemical in inventory is 60 cents per gallon per year, and the cost of ordering the chemical is P150 per order. The firm uses the chemical at a constant rate throughout the year. The chemical's economic order quantity is?